Azzurro Capital Inc Sells 76,500 Shares of Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 76,500 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $13.15, for a total value of $1,005,975.00. Following the transaction, the insider directly owned 4,062,696 shares of the company's stock, valued at approximately $53,424,452.40. The trade was a 1.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• On Wednesday, June 25th, Azzurro Capital Inc sold 11,000 shares of Travelzoo stock. The stock was sold at an average price of $12.81, for a total transaction of $140,910.00.
• On Friday, June 20th, Azzurro Capital Inc sold 2,500 shares of Travelzoo stock. The shares were sold at an average price of $12.42, for a total transaction of $31,050.00.
• On Wednesday, June 18th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were sold at an average price of $12.59, for a total value of $125,900.00.
• On Monday, June 2nd, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was sold at an average price of $12.73, for a total value of $63,650.00.
• On Friday, May 30th, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The stock was sold at an average price of $13.81, for a total transaction of $310,725.00.
• On Thursday, May 29th, Azzurro Capital Inc sold 18,500 shares of Travelzoo stock. The shares were sold at an average price of $13.41, for a total value of $248,085.00.
• On Wednesday, May 28th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The stock was sold at an average price of $13.54, for a total transaction of $27,080.00.
• On Thursday, May 15th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The shares were sold at an average price of $13.91, for a total value of $27,820.00.
• On Thursday, May 1st, Azzurro Capital Inc sold 2,500 shares of Travelzoo stock. The shares were sold at an average price of $14.43, for a total transaction of $36,075.00.

Travelzoo Trading Down 4.6%

Travelzoo stock traded down $0.62 during trading hours on Monday, reaching $12.73. 131,784 shares of the company were exchanged, compared to its average volume of 131,810. The firm has a market cap of $141.30 million, a price-to-earnings ratio of 12.73 and a beta of 1.17. Travelzoo has a 12 month low of $7.12 and a 12 month high of $24.85. The stock has a 50-day moving average of $13.36 and a 200 day moving average of $15.97.

Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The information services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Travelzoo had a return on equity of 434.15% and a net margin of 14.51%. The company had revenue of $23.14 million during the quarter, compared to analyst estimates of $22.99 million. As a group, research analysts forecast that Travelzoo will post 1.09 EPS for the current year.

Institutional Investors Weigh In On Travelzoo

A number of hedge funds and other institutional investors have recently bought and sold shares of TZOO. Ancora Advisors LLC bought a new position in Travelzoo in the 4th quarter valued at $30,000. Bank of New York Mellon Corp raised its position in shares of Travelzoo by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 67,045 shares of the information services provider's stock valued at $914,000 after acquiring an additional 1,668 shares during the period. US Bancorp DE bought a new position in shares of Travelzoo during the first quarter worth $31,000. American Century Companies Inc. grew its stake in Travelzoo by 17.0% in the first quarter. American Century Companies Inc. now owns 16,548 shares of the information services provider's stock valued at $226,000 after acquiring an additional 2,404 shares during the period. Finally, Northern Trust Corp grew its position in shares of Travelzoo by 12.1% in the 4th quarter. Northern Trust Corp now owns 27,678 shares of the information services provider's stock valued at $552,000 after purchasing an additional 2,995 shares during the period. 27.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TZOO has been the subject of several research analyst reports. Barrington Research reiterated an "outperform" rating and set a $17.00 target price on shares of Travelzoo in a research note on Tuesday, April 29th. Noble Financial restated an "outperform" rating on shares of Travelzoo in a research report on Wednesday, April 30th. Finally, Ascendiant Capital Markets raised their price target on shares of Travelzoo from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $25.67.

About Travelzoo

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.

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